Improving Public Expenditure Quality Program, Subprogram 1 (ADB-50051-001)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
National-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 13, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Vietnam, Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 201.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 8, 2017

Disclosed by Bank Dec 15, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to ADB website, IPEQ's impact is to improve the provision of infrastructure and service delivery to lift living standards and reduce poverty. The program's outcome is enhanced public financial management systems. Subprograms 1 and 2 are envisioned as single-tranche policy-based loans. The inclusion of a third subprogram will be discussed with the authorities during program implementation. The loan amounts reflect the country's development financing needs and indicative costs of reform. The government has requested loans of $200 million for subprogram 1 and $200 million for subprogram 2 using a combination of Asian Development Fund and ordinary capital resources financing.
Investment Description
  • Asian Development Bank (ADB)
Ordinary capital resources US$ 82.70 million Concessional ordinary capital resources lending / Asian Development Fund US$ 117.30 million Technical Assistance Special Fund US$ 575,000.00 Technical Assistance Special Fund US$ 1.00 million
Contact Information
Project Officer: Nguyen, Anh Hong Southeast Asia Department, ADB No contact information provided at the time of disclosure. Executing Agency: Ministry of Finance Email Address: EFDMOF@FPT.VN 28 Tran Hung Dao, Hanoi, Viet Nam ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main